44AB
This query is : Resolved
27 April 2009
i am a courier agent, my total receipts for the year 2008-2009 is rs.48,00,000 where as my commission on that is only Rs.7,00,000/-.
all my collections are paid to the courier company after deducting my commission.
Whether i am liable to get my accounts audited under tax audit 44AB?
all my collections are paid to the courier company after deducting my commission.
Whether i am liable to get my accounts audited under tax audit 44AB?
27 April 2009
If you are doing business as an pure agent of coureer compoany and in return getting commission only.
Then in this case there is no need of Audit.
Then in this case there is no need of Audit.
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27 April 2009
i am billing for my client which is normally above the specified rates from the courier company.Inturn i get bills from the courier company at their rates.
27 April 2009
If the bills are issued to final customers at your firm name then section 44AB apply and if the name of the main courier company is used then no need for tax audit.
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